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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net income $ 5,740 $ 5,672 $ 4,967
Less: Net income attributable to noncontrolling interest 35 14 1
Net income attributable to Honeywell 5,705 5,658 4,966
Adjustments to reconcile net income attributable to Honeywell to net cash provided by operating activities      
Depreciation 671 659 657
Amortization 663 517 547
Loss (gain) on sale of non-strategic businesses and assets 1 (5) (22)
Impairment of assets held for sale 219 0 0
Repositioning and other charges 244 860 1,266
Net payments for repositioning and other charges (479) (459) (512)
NARCO Buyout payment 0 (1,325) 0
Pension and other postretirement income (476) (406) (510)
Pension and other postretirement benefit payments (32) (38) (23)
Stock compensation expense 194 202 188
Deferred income taxes (233) 153 (180)
Other (617) (837) (358)
Changes in assets and liabilities, net of the effects of acquisitions and divestitures      
Accounts receivable (96) (42) (739)
Inventories (304) (626) (440)
Other current assets 371 17 232
Accounts payable 95 518 (155)
Accrued liabilities 171 494 357
Net cash provided by operating activities 6,097 5,340 5,274
Cash flows from investing activities      
Capital expenditures (1,164) (1,039) (766)
Proceeds from disposals of property, plant and equipment 0 43 29
Increase in investments (1,077) (560) (1,211)
Decrease in investments 870 971 1,255
Receipts from Garrett Motion Inc. 0 0 409
Receipts from settlements of derivative contracts 94 6 369
Cash paid for acquisitions, net of cash acquired (8,880) (718) (178)
Proceeds from sales of businesses, net of fees paid 0 4 0
Net cash used for investing activities (10,157) (1,293) (93)
Cash flows from financing activities      
Proceeds from issuance of commercial paper and other short-term borrowings 13,838 12,991 7,661
Payments of commercial paper and other short-term borrowings (11,578) (13,663) (8,447)
Proceeds from issuance of common stock 537 196 320
Proceeds from issuance of long-term debt 10,408 2,986 2,953
Payments of long-term debt (1,812) (1,731) (1,850)
Repurchases of common stock (1,655) (3,715) (4,200)
Cash dividends paid (2,902) (2,855) (2,719)
Other 3 28 (48)
Net cash provided by (used for) financing activities 6,839 (5,763) (6,330)
Effect of foreign exchange rate changes on cash and cash equivalents (137) 14 (183)
Net increase (decrease) in cash and cash equivalents 2,642 (1,702) (1,332)
Cash and cash equivalents at beginning of period 7,925 9,627 10,959
Cash and cash equivalents at end of period $ 10,567 $ 7,925 $ 9,627